All posts tagged Income

India’s slowing economy and a falling stock market have taken a hit on the country’s richest.

A new global study carried out by consultancy Capgemini and RBC Wealth Management revealed that in 2011 the number of millionaires in India dropped 18% from the previous year to around 125,500. Read More »

Debalina Ghosh, 23, moved to Mumbai four months ago, cursing Bangalore’s high cost of living. “There is just nothing that I could save,” the PR professional says, casting her mind back to expensive auto rides within the city and the high cost of rent.

Figures from the Reserve Bank of India on the consumer price index for industrial workers show that Bangalore sits higher than other tier-one cities like Mumbai, Delhi and Chennai. The CPI, calculated with 2001 as the base year, measures a standard basket of essential commodities like food, clothing, transport, electricity and education. Read More »

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